Mandatory, small-balance plan distribution checks can go uncashed by former employees. These uncashed checks may present distracting financial and administrative problems for plan sponsors. It’s time to minimize the noise — roll over IRA-eligible uncashed checks with Millennium Trust. Let us...
Direct Bill makes it easy to pay for insurance premiums. It’s usually for retirees, employees out on disability and those taking a leave of absence. The direct billing platform offers flexibility with bi-weekly, monthly or quarterly billing. The PayFlex system produces individual member bills...
If your retirement plan is only automatically rolling over accounts between $1,000 and $5,000, you may want to consider expanding your rollover provision below $1,000 to prevent more uncashed distribution checks.
Our dedicated resources and flexible solutions help you take care of past employees while reducing plan expenses in three steps. Our automatic rollover solution really is that easy.
Mergers, acquisitions, or business closures may result in terminated retirement plans.
Working with Millennium Trust can reduce your workload, assist with regulatory
compliance, and smoothly complete the plan termination process — creating better
outcomes for both you and your employees.
When unexpected expenses emerge, people worry how they’re going to pay for them. Financial stress impacts your employees’ wellbeing, productivity, and retention. And their interest in financial health has dramatically increased. We can help your employees attain it with our emergency savings fund.
Most people are looking to stretch their paychecks a little further. And now you can offer a benefit that helps your employees do just that. The commuter benefit can help employees lower their monthly commuting costs, lower your company’s payroll taxes, and promote environmentally conscious...
Millennium Trust works with employers to promote active retirement saving. While more Americans are saving for retirement, the number of people actively managing their retirement accounts remains low. This can cause problems, but we're here to help.
Millennium Trust’s multi-step participant search services can assist you in finding your missing or
non-responsive accountholders so you can connect former employees with their retirement funds.
There’s no one-size-fits-all solution when it comes to helping your employees plan, save, and pay for their health care expenses. It’s all about exploring and discovering the best savings options for your organization’s unique needs. The PayFlex® flexible spending account (FSA) product suite is...
Big changes are coming with SECURE 2.0. Millennium Trust can help you move forward with confidence. The threshold for employers to cash-out former employees’ retirement accounts will increase from $5,000 to $7,000. Taking the necessary steps today can set you up for success in 2024 and beyond.
PayFlex makes it easy for employees to navigate the process of enrolling in COBRA and making premium payments. It all takes place through the PayFlex website or the PayFlex Mobile app, which feature a high-touch experience that combines website technology, email and virtual chat for holistic...
Mergers, acquisitions, or business closures may result in terminated retirement plans. Working with Millennium Trust can reduce your workload, assist with regulatory compliance, and smoothly complete the plan termination process — creating better outcomes for both you and your employees.
When plan participants leave balances behind, it can cause serious complications for administrators. Leverage Millennium Trust's comprehensive search procedure to find missing participants and reunite them with their retirement assets.
You can reduce your employees' taxable income and increase their take-home pay with an HSA plan. Enrolling with an HSA can help your employees start saving money on eligible health care expenses for themselves, their spouse, and their tax dependents.
Designed to comply with DOL’s Safe Harbor Regulations, an automatic rollover IRA is efficient and client friendly. Millennium Trust’s solution will actively engage and empower individuals on their journey toward retirement.
Let our industry experts help boost benefit adoption and financial wellness through a full-service portfolio, timely communications and engaging employee experiences.
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